Problem
Part 1
1. What is the purpose of developing an IT strategic plan?
2. How can an IT strategic plan be developed without a corresponding business plan?
3. How does architecture fi t into the IT strategic plan?
4. What are advantages of having architectural standards?
5. In what way does COBIT help in the alignment of business and IT objectives?
6. What are the two agencies that offer regulatory guidance to financial institutions?
7. Who is the FFIEC?
8. What is OCC's guidance on TRM?
9. Why is the demand-management process needed to control IT projects?
10. What is COSO? Why is it important from a strategic standpoint?
Part 2
1. Create an outline of an IT strategic plan including the key components.
2. List the processes included in the planning and organization domain.
3. List and discuss four key reasons for the criticality of IS.